Wix.Com Ltd (NASDAQ:WIX) has been given an average rating of “Buy” by the twenty research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $121.26.
WIX has been the topic of a number of analyst reports. Rosenblatt Securities lowered shares of Wix.Com from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $75.00 to $73.00 in a report on Wednesday, February 20th. KeyCorp initiated coverage on shares of Wix.Com in a report on Monday, April 29th. They issued a “sector weight” rating on the stock. Zacks Investment Research lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Macquarie initiated coverage on shares of Wix.Com in a report on Wednesday, March 27th. They issued a “neutral” rating and a $116.00 price objective on the stock. Finally, Raymond James lowered shares of Wix.Com from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 20th.
Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in Wix.Com by 20.9% during the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after acquiring an additional 80 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in Wix.Com by 21.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 618 shares of the information services provider’s stock worth $55,000 after acquiring an additional 111 shares in the last quarter. Fifth Third Bancorp raised its stake in Wix.Com by 60.7% during the 1st quarter. Fifth Third Bancorp now owns 479 shares of the information services provider’s stock worth $58,000 after acquiring an additional 181 shares in the last quarter. Security National Trust Co. acquired a new stake in Wix.Com during the 1st quarter worth $60,000. Finally, Highstreet Asset Management Inc. acquired a new stake in Wix.Com during the 1st quarter worth $60,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Shares of WIX opened at $134.79 on Thursday. Wix.Com has a twelve month low of $80.20 and a twelve month high of $143.82. The firm has a market capitalization of $6.72 billion, a PE ratio of -306.34 and a beta of 1.70. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.17.
Wix.Com (NASDAQ:WIX) last announced its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.30. Wix.Com had a negative net margin of 7.51% and a negative return on equity of 19.47%. The business had revenue of $174.29 million for the quarter, compared to analyst estimates of $172.98 million. During the same period last year, the business earned ($0.06) EPS. The company’s revenue was up 26.5% on a year-over-year basis. Equities analysts expect that Wix.Com will post -1.34 EPS for the current year.
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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